HOUSTON -- The Bakken shale oil play unfolding in North Dakota and Montana is an industry, not a boom, according to group Williston Economic Development (WED). The play is now producing about 800,000 barrels of oil per day and will hit 1 million a day by April 2014, officials estimate.
Meanwhile, at a series of events ...
Rail will continue in key midstream role as pipelines race to move more oil.
Drilling efficiency, in tandem with a move to pad drilling, generates higher well counts with little change in rig input.